I am a 51 year old surgical sub-specialist, currently employed in a large private practice for the past 7 years. I am unhappy in my current position, probably somewhat clinically depressed as well. Partnership is not offered. I am underpaid compared to peers. Frequent staff turnover. Somewhat toxic work environment. I dread going to work each day. And I have felt this way for years. No other jobs exist within commuting distance of my home. I have a restrictive covenant. Any new job would require a move.
I am happily married to a stay at home spouse and we have 2 awesome teenage children. We have no debt. House is paid off. 529s are funded. We have $7Million ($5.5M in taxable, $1.5M in retirement accounts). We spend $100K/yr with employer-sponsored health insurance.
I have considered quitting/FIRE but Im not ready for that. I still want to work ideally for 5-10 more years.
I have an opportunity to take a job as an employee in a private equity owned practice in a nearby city where we have as many friends and family as we have currently. Relocation would be necessary. Spouse, children, and I are all somewhat scared of the unknown but excited about the potential adventure. Spouse only wants me happy. Of course the transition will be difficult but we are a strong family and have good support. As I list the specs of current job vs. PE job, the PE job is the clear winner (less ER call, less commute, probably more office efficiency, similar or better pay, etc).
I would not be surprised if my current employer plans for a private equity sale in the future.
What would you do?
I am happily married to a stay at home spouse and we have 2 awesome teenage children. We have no debt. House is paid off. 529s are funded. We have $7Million ($5.5M in taxable, $1.5M in retirement accounts). We spend $100K/yr with employer-sponsored health insurance.
I have considered quitting/FIRE but Im not ready for that. I still want to work ideally for 5-10 more years.
I have an opportunity to take a job as an employee in a private equity owned practice in a nearby city where we have as many friends and family as we have currently. Relocation would be necessary. Spouse, children, and I are all somewhat scared of the unknown but excited about the potential adventure. Spouse only wants me happy. Of course the transition will be difficult but we are a strong family and have good support. As I list the specs of current job vs. PE job, the PE job is the clear winner (less ER call, less commute, probably more office efficiency, similar or better pay, etc).
I would not be surprised if my current employer plans for a private equity sale in the future.
What would you do?
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